Divyadhan Recycling Industries Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹56 Cr
- P/E
- 32.71
- ROE
- 4.67%
- PEG
- -4.38
- Price to sales
- 0.70
- Debt to equity
- 0.37
- 52W high / low
- ₹62.4 / ₹18.2
- Sales growth (5Y)
- 13.92%
- EBITDA margin
- 6.12%
- Net profit margin
- 2.15%
- Promoter holding
- 69.94%
- Sales (last year)
- ₹79 Cr
Incorporated in 2010, Divyadhan Recycling Industries Ltd is a manufacturer of recycled polyester products like Fiber, chips and flakes.[1]
Potential multibaggers · Q2 FY27
Potential multibaggers in Textiles & Apparels
on management's own guidance
- Strong growth2
- Strong growth1
- Sumeet IndustrieGood growth3
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Peers
Textiles & Apparels companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹602 Cr | 97.3 | |
| 2 | 40%+ | Flat | ₹383 Cr | 25.2 | |
| 3 | Sumeet Industrie | 20–40% | Up 2%+ | ₹638 Cr | 25.8 |
| 4 | 20–40% | Up 2%+ | ₹301 Cr | 20.1 | |
| 5 | 20–40% | Up 0–2% | ₹2,422 Cr | 10.5 | |
| 6 | 20–40% | Up 0–2% | ₹1,032 Cr | 55.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Textiles & Apparels rankingFinancials of Divyadhan Recycling Industries
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Divyadhan Recycling Industries
Shareholding breakup across reporting periods.
| Mar 2025 | Sep 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|
| Promoters + | 69.67% | 69.91% | 69.94% | 69.94% |
| FIIs + | 3.56% | 2.94% | 2.87% | 2.59% |
| DIIs + | 1.72% | 0.55% | 0.43% | 0.00% |
| Public + | 25.04% | 26.61% | 26.76% | 27.48% |
| No. of Shareholders | 366 | 355 | 358 | 357 |
Pros & Cons
Divyadhan Recycling Industries
Key positives and risks surfaced from the company insights section.
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 8.89% over last 3 years.
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 8.89% over last 3 years.
Financials of Divyadhan Recycling Industries
Quarterly Results
Quarter-by-quarter operating performance
Financials of Divyadhan Recycling Industries
Profit & Loss
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales + | 41 | 58 | 57 | 56 | 59 | 79 | 115 |
| Sales growth | +40% | -1% | -2% | +6% | +34% | +80% | |
| Expenses + | 42 | 57 | 53 | 54 | 56 | 75 | 108 |
| Operating Profit | -0 | 1 | 4 | 3 | 3 | 5 | 7 |
| OPM % | -1.0% | 1.6% | 7% | 4.6% | 5% | 6% | 6% |
| Other Income + | 3 | 2 | 1 | 3 | 1 | 0 | 0 |
| Interest | 1 | 1 | 1 | 1 | 0 | 1 | 1 |
| Depreciation | 1 | 1 | 2 | 1 | 1 | 2 | 2 |
| Profit before tax | 0 | 1 | 3 | 4 | 2 | 2 | 4 |
| Tax % | 29% | 26% | 28% | 29% | 29% | 28% | |
| Net Profit + | 0 | 1 | 2 | 3 | 2 | 2 | 3 |
| EPS in Rs | 0.23 | 0.54 | 2.20 | 2.92 | 1.08 | 1.20 | 2.27 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% |
Financials of Divyadhan Recycling Industries
Balance Sheet
Capital structure and asset base
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 14 | 14 | 15 |
| Reserves | 1 | 1 | 4 | 7 | 21 | 24 | 27 |
| Borrowings + | 10 | 8 | 6 | 6 | 1 | 14 | 15 |
| Other Liabilities + | 5 | 3 | 5 | 5 | 6 | 11 | 15 |
| Total Liabilities | 21 | 18 | 19 | 24 | 42 | 64 | 72 |
| Fixed Assets + | 13 | 12 | 12 | 12 | 21 | 43 | 49 |
| CWIP | 0 | 0 | 0 | -0 | -0 | -0 | -0 |
| Investments | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Other Assets + | 8 | 6 | 8 | 12 | 21 | 21 | 23 |
| Total Assets | 21 | 18 | 19 | 24 | 42 | 64 | 72 |
Financials of Divyadhan Recycling Industries
Cash Flows
Operating, investing and financing cash movement
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 4 | 4 | 4 | 3 | -12 | 19 |
| Cash from Investing Activity + | -1 | -1 | -1 | -2 | -10 | -21 |
| Cash from Financing Activity + | -3 | -3 | -3 | 1 | 20 | 2 |
| Net Cash Flow | -0 | -0 | -0 | 2 | -2 | -0 |
| Free Cash Flow | 3 | 3 | 3 | 1 | -22 | -2 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -1,030% | 447% | 124% | 157% | -363% | 401% |
Financials of Divyadhan Recycling Industries
Ratios
Working capital efficiency and return ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 18 | 13 | 12 | 22 | 28 | 14 |
| Inventory Days | 53 | 15 | 38 | 36 | 96 | 75 |
| Days Payable | 31 | 16 | 27 | 25 | 31 | 49 |
| Cash Conversion Cycle | 40 | 12 | 24 | 33 | 92 | 40 |
| Working Capital Days | 0 | -4 | -3 | -5 | 88 | -1 |
| ROCE % | 10% | 25% | 30% | 9% | 7% |
Continue your research
What Divyadhan Recycling Industries's management said in earlier quarters
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